LIC IPO GMP, How to Apply, Share Price Today, Lot Size

Following market speculation, the LIC initial public offering (IPO) has been set for May 04th, 2022. An official announcement will be made shortly. Initial public offerings (IPOs) by LIC are expected to be among the largest in India. LIC IPO GMP filed for a complete offering for sale without Fresh Issue. A mammoth initial public offering (IPO) is being planned for the Government to sell 5 percent of the company.


One of the oldest and largest insurance companies globally, Life Insurance Corporation of India (LIC), has been operating since 1876. LIC has a total fund of 28.3 trillion dollars as of March 2019. During the year 2018 – 2019, the total value of vendor programs was 21.4 million dollars. In the fiscal year 2018–19, the Life Insurance Corporation of India satisfied 26 million claims. It has 290 million policyholders, according to the company.

According to the report, the Indian Government would sell its 5 percent investment in the LIC initial public offering (IPO). The Government will raise money from the sale of that 5 percent stock. An overall amount of 316,249,885 shares will be sought by the Federal Government. The share will be offered at ten cents a share for those who purchase it. Furthermore, there will be a set quotation for retail investors, accounting for about 35% of the IPO’s total proceeds.

LIC IPO GMP How to Apply

According to industry estimates, the Life Insurance Corporation controls around 72 percent of the market and approximately 66 percent of the overall premium collection. The company’s value remained at Rs. 9 lakh to Rs. 10 lakh crore. The firm was started in 1956, which is a long time ago. It is the result of the amalgamation of 245 insurance firms.

The corporation had a monopoly on life insurance until the 1990s, at which point the Government decided to give the private sector a chance in life insurance. The company has over 2000 offices in India, including eight regional offices in Delhi, Chennai, Mumbai, Bhopal, Hyderabad, Patna, Kanpur, and Kolkata. They have more than 100 divisional offices, 1100 micro offices, and more than 1500 satellite offices, to name a few numbers.

The first public offering (IPO) of LIC will be listed on the major stock markets, namely the BSE (Bombay Stock Exchange) and the NSE (National Stock Exchange) (National Stock Exchange). You must have a DEMAT account to purchase LIC IPO online.

Angelone, groww, Zerodha and other similar websites and applications let you register for an IPO. You may make payments using your UPI id if you have one. You must advise your broker that the IPO Application will be submitted using your UPI ID.

LIC IPO GMP Share Price Today

According to the current LIC IPO GMP, the price is fluctuating, with the current price of 25 per share being the current price. The GMP price for the LIC’s first public offering (IPO) is about 2.5 times the share price that LIC would issue for ordinary investors.

In addition, there is excellent news for LIC policyholders to be excited about. A quotation for the LIC IPO will be sent to LIC policyholders, and they will have an excellent chance to purchase some LIC shares at an attractive price. According to several market analysts and businesses, the LIC initial public offering (IPO) will begin trading on May 04th. It will likely get an issue cut of 21 thousand crores, which is significant compared to the average Indian IPO.

Furthermore, since the Government is selling its 5 percent ownership in the LIC IPO, there will be a high likelihood that individual investors will be interested in this offering. The Indian Government has 100 percent ownership of the Life Insurance Corporation (LIC). There is no other angel investor in the firm, which is beneficial to both the Government and the company.

About LIC

The Life Insurance Corporation of India (LIC), which has its headquarters in the Indian city of Mumbai, is a leading insurance and investment company. The company is owned and controlled by the Indian Government.

In 1956, the Parliament of India passed the Life Insurance of India Act, thereby nationalizing the country’s insurance business and establishing the Life Insurance Corporation of India. More than 245 insurance firms and provident societies were consolidated into a single entity to form India’s state-owned Life Insurance Corporation.

Related Posts

GT vs CSK Dream11 Prediction, IPL Fantasy Cricket Tips for Match 1 of IPL 2023

Chennai Super Kings and Gujarat Titans will lock horns in the opening match of the Indian Premier League on Friday. While Hardik Pandya-led GT will want to…

e shram card apply online | e shram card online apply | register shram card | e shram card benefits | e Shram sarkari yojana gujarat | To generate e Labor Card | E Shram Card Online | E Labor Card pdf | e shram card self registration online Recently, the Central Government has launched a platform called e-Shram Card for the people working in the unorganized sector. Through this platform, the government is providing financial support to the laborers of our country. In this scheme, you have to create a card through which the government supports you financially and also provides insurance benefits. If you haven't created this card yet or you have created this card but don't know its benefits then this article is for you. Online registration will be done from mobile The primary goal of this portal is to provide a database of workers employed in the unorganized sector. Tell them that the unorganized sector includes people who sell things on the street, work in homes, at railway stations and do agriculture. It also includes people who build houses. People will be able to complete their online registration using this web-site sitting at home and then their e-labor card will be generated. They will be the first to benefit from various government initiatives once this card is made, as the central government has said in its notification that people who have e-Shramik cards will be the first to benefit from government schemes. Consequently, if you are eligible for this scheme and have not yet generated your e-Labour Card, you should do so immediately. Documents required for registration aadhar card Mobile number should be linked with Aadhaar card Bank Account Details Age should be between 16-59 years (06-01-1962 to 05-01-2006) You will get so much benefit Government of India has run many welfare schemes for unorganized sector workers and labourers. Due to lack of awareness, many workers are missing out on the benefits of the scheme. You can check the benefits of e Shram Portal registration. In case of accidental death and permanent disability for one year Rs. 2 lakh assistance. In case of partial disability for one year Rs. 1 lakh assistance. Financial assistance Benefits of Social Security Scheme More job opportunities Premium wave for 1 year BHIM Yojana Insurance Cover Can track employees of migrant laborers Anyone can apply online Small and marginal farmers Agricultural labourers Vegetable and fruit vendors migrant workers Sharecroppers Brick kiln workers Fishermen saw-mill workers Animal husbandry workers Beadle rolling Labeling and packing CSC Carpenters Sericulture workers Salt workers Tannery workers Building and construction workers Leatherworkers Midwives domestic workers the barber Newspaper vendors Rickshaw pullers Auto drivers Sericulture workers House Maids Street vendors Asha Worker Register like this To log in to this e Shramik portal, you have to go to the official website first. The link of which is – After that on the home page you have to select the option of 'Self Registration'. After selecting next page will open. In it, you have to enter your mobile number which is linked with Aadhaar card. After that, you have to fill the captcha code. After filing, you have to select YES/NO option for EPFO and ESIC. After that you have to click on 'Send OTP'. Now you will get an OTP. Enter the OTP in the asked section. Now you will be asked to enter your Aadhaar card number and accept the terms and conditions and click on submit button. The application form will open in front of you, you have to fill it. After that all the documents have to be uploaded after filling. After doing that click submit and take hard copy of application form for future reference. After this, your registration will be completed on E Shramik Portal.

Do you know just create this one card and get benefit up to 2 lakh : E Shram Card 2023

e shram card apply online | e shram card online apply | register shram card | e shram card benefits | e Shram sarkari yojana gujarat |…

Post Office offers opportunity to earn up to 25,000 per month if you are unemployed : Post Office Franchise Scheme

Two types of franchise are being provided by the post office. 1- Franchise Outlet and 2- Postal Agents Franchise.In the current era of inflation, the income from…

Holi Special Video Status & Video Maker 2023

Holi Special Video Status Happy Holi Video Status is specially created with nice realistic and Beautiful and Colorful Holi background, it has a huge collection of Dhuleti…

How to Check Online Aadhaar Authentication History Easy Steps

How to Check Online Aadhaar Authentication History Easy Steps

The most effective method to Check Online Aadhaar Authentication History Easy Steps: Aadhaar is a 12-digit one of a kind personality number that can be acquired intentionally…

10 Best Personal Loan Apps in India | best personal loan app in india

Best Customer Friendly – NAVI – best instant loan Navi is one of the best customer-friendly loan-providing apps in India that allows you to avail of loans to meet…

Leave a Reply

Your email address will not be published. Required fields are marked *